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BNP Paribas Securities Services opens in the Isle of Man

Posted: 13 June 2008

BNP Paribas Securities Services has announced the opening of its new premises in the Isle of Man. The building was officially inaugurated by the Honourable Tony Brown MHK, the Isle of Man Chief Minister, and by Michel Laurent, Head of Global Network and Strategy at BNP Paribas Securities Services.

The opening, a year on from the Bank's acquisition of RBS International's securities services business, will bring all of BNP Paribas' Isle of Man teams together in dedicated BNP Paribas offices. The IT infrastructure in place is state-of-the art and will allow for a smooth transition to the BNP Paribas platforms later in the year, providing clients with an efficient, reliable and secure service. The office is located in Douglas (24 North Quay).

BNP Paribas in the Isle of Man offers a comprehensive range of solutions to a variety of mainstream, vanilla and alternative funds, including corporate trust, settlement, custody, banking and treasury services. Having a locally-based team in the island supports the Bank's approach to combine local knowledge and expertise with global scale and capabilities to efficiently answer clients' needs, while supporting them through specialist teams in each offshore centre across the world - from Luxembourg to the Cayman Islands, Singapore to Dublin, and now the Isle of Man.

Commenting on the office opening, Severine Mangin, CEO of BNP Paribas Securities Services UK offshore markets said: "We are delighted to announce the official opening of our offices, completed in just six months.

These new offices reflect our commitment to servicing our clients' investment strategies where a presence both onshore and offshore is becoming increasingly key to success. This is gives BNP Paribas Securities Services visibility in the Isle of Man, as well as providing an enjoyable working environment for our teams. This is another positive message to our clients and staff."

Click here for more information on the Isle of Man

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